Stock Trade Team

Futures up this morning. In a bit of a surprise, Wells Fargo(WFC) is planning to buy out Wachovia(WB) instead of letting Citigroup take it with Gov’t assistance. This can be looked at as good news as Wells Fargo is pretty conservative, so if this bill gets passed today/this weekend we may see some [...]

Futures starting up this morning. We’re still being on the cautious side of things, but we’re starting to think building up positions on the long side could pay off in the near future. With the Fed’s bailout plan still getting debated by Congress, we’re starting to see some big money from other [...]

Futures were slightly up this morning on optimism that LEH was gonna come up with a plan to turn things around. Well, it gapped up this morning but is now lower than it closed yesterday. This was a tricky gap up play kinda reminded me of the other day when the Gov’t stepped [...]

Futures are way up this morning on the Govt bailout of FRE and FNM.  This could be pretty huge especially as we start the beginning of the Fall.  Election talk the next few months could also lead to rallying the next several sessions.  Financials are back in play like JPM, C, BAC, even LEH.
What we’re [...]

What a difference the weekend makes.  Futures up big this morning on Gustav not doing as much damage as “anticipated”.   I was watching the major news channels this weekend and they were all stationed in New Orleans pretty much in the path of Gustav.  Being a trader, I couldn’t help but think of what prices [...]